China
Research Article
The Relevance of Freight Rates in Forecasting Cargo Port Volume : A Study of the Guangzhou, China Port
Author(s): Jeffrey E Jarrett, Huanxin Zhang and Xia PanJeffrey E Jarrett, Huanxin Zhang and Xia Pan
We study historical data of the cargo going through the Guangzhou (GZ) port and related research the relationships between cargo shipments through the GZ port and its relation to domestic and international shipping prices (rates).In turn, we develop a regression based forecasting model based on the data of the GZ cargo port. The second task is to introduce the GZ port, the international dry bulk shipping market; the Chinese coast bulk freight index (CCBFI); and the Baltic dry index (BDI) which reflect domestic and international freight rates respectively. The third task is to make use of the data of the GZ cargo port, CCBFI and BDI from January 2004 to February 2010. The developed model establishes a multi-linear regression to relate the impact of the previous month BDI and CCBFI on the current GZ port cargo and determine the magnitude of the effect. Second, we establish a time .. Read More»
DOI:
10.4172/2167-0234.1000138
Journal of Business & Financial Affairs received 1726 citations as per Google Scholar report